Those who trade contracts understand that feeling, right?

Yesterday I cleared my MON position of 2000U. Now the price is skyrocketing, and it looks like it's about to hit the liquidation line. My finger hovers over the screen, torn between whether to inject some more money to raise the liquidation price a bit?

Suddenly, a quote from Livermore popped into my mind——

"In this trading industry, there is only one iron rule that can save your life: you must be clear about how much you can actually lose."

Understood.

Adding margin? That's not called saving the position, that's called self-deception. Moving the liquidation line back just raises the loss limit. For a 2000U hole, how much are you prepared to throw in to fill it? 3000? 5000? Or until you truly can't hold on anymore?

The direction is wrong; adding more money will only prolong the suffering.

Let it explode if it has to. Accept it, cut your losses, and start over. At least this 2000U is a loss that you can afford within your plan, rather than getting deeper because of wishful thinking.

The market will not change direction just because you add money. But it will clean you out if you can't hold your ground.